Aug 19, 2020 / 12:30AM GMT
Operator
Good day, and welcome to Northern Star's Full-Year 2020 financial results. This is Hugh, your operator speaking. (Operator Instructions) And for opening remarks, I'd like to pass over please to Mr. Bill Beament, Executive Chair. Please go ahead, sir.
William James Beament - Northern Star Resources Limited - Executive Chairman
Thanks, Hugh, and thanks for joining us on the call today. Also today, we have our Chief Executive Officer, Stuart Tonkin; and CFO, Ryan Gurner on the call. If I could summarize today's results in one word, it would be cash flow. Our results today come down to the simple fact that our underlying free cash flow surged by $277 million or 190% to $423.1 million. It is important to note that this was achieved on an average realized gold price of 2,200 Australian ounce which is over $500 below the current spot price of 2,750 Australian ounce. This cash flow highlights the strength of our business. It shows how we are leveraged to the strong gold price. This is due in part to the fact that Northern Star is now the second biggest gold producer on
Full Year 2020 Northern Star Resources Ltd Earnings Call Transcript
Feb 14, 2024
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